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Search Results 0 to 11 of about 12 (some duplicates have been removed)
taxes. which led to a budget crisis that congress solved by not solving it. (laughter) instead, they handed it over to something called "the supercongress" which couldn't fail because it was super. (laughter) unfortunately it was also congress so it failed. (laughter) and as a result -- (applause) as a result -- (applause) as a result, folks, we are facing another thing called sequestration which at first sounds like rationing the amount you can watch "sea quest." (laughter) but it's even worse than that. (laughter) sequestration is automatic spending cuts that both sides agree would trigger a new recession. it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a mexican standoff without any mexicans. (laughter) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregarding my dismissive finger quotes. what part of this don't you understand president "o" b
transfer the money from your super pac over to your 501 c-had and what we'll do is what the tax lawyers call an agency letter which simply means you write a letter that tells the c-4 exactly what to do with the money. and if you do that, the irs doesn't consider it to have been the c-4's money. and it doesn't end up on the tax return. >> stephen: it goes from my super pac into a 501 c 4 reasons right, now since everyone knows the name of your c-4. what we thought it would be bet per if we created a whole new anonymous c-4 so that the first one transfers the money to the second one, and the second one which you will also run then disperses it. that way we're sure nobody can trace it. >> stephen: so i write a check from my super pac to my 501 c 4 to my second secret 501 c 4 and because i sent a letter along the way saying here is what i want you two guys do it neither i nor me nor me is responsible for what happens with the money. >> that's right. >> stephen: i love america. (laughter) (cheers and applause) so let me see if i can make clear what's happening. i have got a 501 c 4 called so
of dollars of spending cuts and tax increases that are going to happen when the ball drops on new year's eve unless president obama and congress come to some sort of compromise. >> stephen: all right so, we're all doomed. >> it's like the movie thaw you have to either cut off your arm or die. so they will come-- they will cut off their arm. >> stephen: do you know, do you know what kind of ratings the news could get if they could get politicians to cut off their arms on camera? okay. -- (cheers and applause) >> stephen: as i said senior white house correspondent for abc news. the only news anybody watches any more. >> i think that's true. >> stephen: and you have got eye new book here called the outpost, an untold story of american valor. this is about the war in afghanistan. >> it's about one combat outpost in afghanistan, 14 miles from the pakistan border, built at the bottom of three very steep mountains, built in 2006. and overrun in 2009 by the taliban. >> stephen: let's put a picture of this space right here. >> that's it. >> stephen: the space is at the bottom not up here where this g
clean, simple election law that says anyone can give any amount of after tax personal income to the candidate as long as they report it every night. i think super pacs as such are, in fact, very dangerous in the long run. when you sigh mayor bloomberg put a million seven hundred thousand into a democratic district in california to beat somebody, there's something fundamentally profoundly wrong about what's happening. and it's happening in both parties and in the long run it's going to be very negative and very disruptive of our system. (cheers and applause) >> there was some talk that -- some people said that one of the things that hurt romney is that you and rick santorum were helped by these super pacs and stayed in long enough that kind of bled romney dry, allowed you to attack him, to say these things that i said before and also depleted his campaign coffers. did the super pacs hurt republicans more than they helped them? >> i had one billionaire, a good friend and a person who's deeply passionate about --. >> stephen: great friend to have. billionaires are some of the be
Search Results 0 to 11 of about 12 (some duplicates have been removed)

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